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@L-TWT wrote:
😩
How un fortunate
Tell me about it I think they figured out no one applied for those cards but everyone seemed to want to downgrade to them righjt around AF time Lol Oooops
@anelson524 wrote:
Hi Everyone, I have been getting more and more active with my credit as of lately since pending a mortgage within the next year or two. I currently have an AMEX Gold Card with the fee increasing to $160/year. I do not use this card at all, just a few purchases here and there for some activity to report but less than $500/yr. I've never been fond of paying the fee for a card I don't use and now with the increase I question it more. The issue is that it was my first credit card I had, I was an authorized user on my fathers account. While being an AU I eventually opened my own gold card account some time later. While the report reflected the account age of 1984 when I opened my account, it continues to do so after closing the AU card I had on my dads account. With this being my oldest account I really don't believe it to be a smart idea to close. The caveat is that although it shows the account age as beginning in 1984 I was not even born until a few years later due to the backdated reporting no longer available. I fear even with a product change it may or may not effect the reporting age of the account. I'm just looking for some general advice on what others believe the best scenario would be. Thanks!
If you want to maintain AAoA, I'd recommend PCing to Green and then just use enough AMEX Offers to offset the AF.
@CreditCuriousity wrote:
@Anonymous wrote:
just PC it to the everyday card. backdate will followCan't PC a charge card to a revolver. OP can downgrade to green or upgrade to Plat though which probably neither make sense for him/her?
interesting. I PC my gold preferred to the ED last year.
@Mattopotamus wrote:
@CreditCuriousity wrote:
@Anonymous wrote:
just PC it to the everyday card. backdate will followCan't PC a charge card to a revolver. OP can downgrade to green or upgrade to Plat though which probably neither make sense for him/her?
interesting. I PC my gold preferred to the ED last year.
You sure you PC'ed it or did it close and open a new trade line on your credit report? Never heard of a successful Charge Card to revolver coversion.
@CreditCuriousity wrote:
@Mattopotamus wrote:
@CreditCuriousity wrote:
@Anonymous wrote:
just PC it to the everyday card. backdate will followCan't PC a charge card to a revolver. OP can downgrade to green or upgrade to Plat though which probably neither make sense for him/her?
interesting. I PC my gold preferred to the ED last year.
You sure you PC'ed it or did it close and open a new trade line on your credit report? Never heard of a successful Charge Card to revolver coversion.
Actually you are right. I just looked and they did in fact close the old account and open it as a new one.
@Mattopotamus wrote:
@CreditCuriousity wrote:
@Mattopotamus wrote:
@CreditCuriousity wrote:
@Anonymous wrote:
just PC it to the everyday card. backdate will followCan't PC a charge card to a revolver. OP can downgrade to green or upgrade to Plat though which probably neither make sense for him/her?
interesting. I PC my gold preferred to the ED last year.
You sure you PC'ed it or did it close and open a new trade line on your credit report? Never heard of a successful Charge Card to revolver coversion.
Actually you are right. I just looked and they did in fact close the old account and open it as a new one.
Thanks for looking and making sure we weren't losing our minds or the rules hasn't changed ..
@anelson524 wrote:
Well I went ahead and downgraded to the green card. Thanks for your help and input everyone!
Ya will be downgrading my platinum to Green at year mark. Got my 100k MR's and have other travel cards with hefty AF's that serve me better. Worth the 95$ to me to keep the AAoA open and a charge card with Amex. Will apply for a PRG probably Dec of this year for the 50k MR, thus not the downgrade to PRG from Plat as ruins bonus :/.